Nifinco: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Nifinco
Largest movements
- Current investments +€431,409
up €431,409, from €0 to €431,409
- Tangible fixed assets +€88,992
new in 2024: €88,992
- Cash -€25,523
down €25,523 (-85.9%), from €29,725 to €4,202
mainly Current investments (-€431,409) and Investment in fixed assets (net) (-€100,000)
- Receivables within one year -€14,344
down €14,344 (-52.9%), from €27,110 to €12,766
of which Trade receivables: -€19,930
- Reserves +€466,250
up €466,250 (+1,994%), from €23,388 to €489,638
- Other debts +€9,761
up €9,761 (+68.0%), from €14,363 to €24,124
- Financial income +€423,288
up €423,288 (+8,249%), from €5,131 to €428,420
- Gross operating margin -€242,179
down €242,179 (-78.3%), from €309,416 to €67,237
- Taxes -€63,041
down €63,041 (-85.0%), from €74,144 to €11,103
- Depreciation +€16,008
up €16,008, from €0 to €16,008
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,859 | €538,339 | +€476,480 | +770% |
| Fixed assets | 21/28 | €5,025 | €89,017 | +€83,992 | +1,671% |
| Tangible fixed assets | 22/27 | - | €88,992 | +€88,992 | |
| Furniture and vehicles | 24 | - | €88,992 | +€88,992 | |
| Financial fixed assets | 28 | €5,025 | €25 | -€5,000 | -99.5% |
| Current assets | 29/58 | €56,834 | €449,323 | +€392,488 | +691% |
| Amounts receivable within one year | 40/41 | €27,110 | €12,766 | -€14,344 | -52.9% |
| Trade receivables | 40 | €20,000 | €70 | -€19,930 | -99.7% |
| Other amounts receivable | 41 | €7,110 | €12,696 | +€5,586 | +78.6% |
| Current investments | 50/53 | €0 | €431,409 | +€431,409 | |
| Cash at bank and in hand | 54/58 | €29,725 | €4,202 | -€25,523 | -85.9% |
| Deferred charges and accrued income | 490/1 | €0 | €946 | +€946 | |
| Total equity and liabilities | 10/49 | €61,859 | €538,339 | +€476,480 | +770% |
| Equity | 10/15 | €41,988 | €508,238 | +€466,250 | +1,110% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,388 | €489,638 | +€466,250 | +1,994% |
| Distributable reserves | 133 | €23,388 | €489,638 | +€466,250 | +1,994% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,871 | €30,102 | +€10,230 | +51.5% |
| Amounts payable within one year | 42/48 | €19,207 | €28,558 | +€9,351 | +48.7% |
| Trade debts | 44 | €2,344 | €733 | -€1,610 | -68.7% |
| Suppliers | 440/4 | €2,344 | €733 | -€1,610 | -68.7% |
| Taxes, remuneration and social security | 45 | €2,500 | €3,701 | +€1,201 | +48.0% |
| Taxes | 450/3 | €0 | €769 | +€769 | |
| Remuneration and social security | 454/9 | €2,500 | €2,932 | +€432 | +17.3% |
| Other amounts payable | 47/48 | €14,363 | €24,124 | +€9,761 | +68.0% |
| Accrued charges and deferred income | 492/3 | €664 | €1,543 | +€879 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €16,008 | +€16,008 | |
| Other operating charges | 640/8 | €1,174 | €697 | -€477 | -40.6% |
| Non-recurring operating charges | 66A | €1,744 | €0 | -€1,744 | -100% |
| Gross operating margin | 9900 | €309,416 | €67,237 | -€242,179 | -78.3% |
| Operating profit (loss) | 9901 | €306,498 | €50,532 | -€255,966 | -83.5% |
| Financial income | 75/76B | €5,131 | €428,420 | +€423,288 | +8,249% |
| Recurring financial income | 75 | €5,131 | €428,420 | +€423,288 | +8,249% |
| Financial charges | 65/66B | €1,206 | €1,599 | +€393 | +32.6% |
| Recurring financial charges | 65 | €1,206 | €1,599 | +€393 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €310,424 | €477,353 | +€166,929 | +53.8% |
| Income taxes | 67/77 | €74,144 | €11,103 | -€63,041 | -85.0% |
| Profit (loss) for the period | 9904 | €236,280 | €466,250 | +€229,970 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €236,280 | €466,250 | +€229,970 | +97.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.